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Financial Aid Process

Financial Aid Process

Borrowing money for school is a serious, long-term, financial obligation. We want to insure that all borrowers learn how to handle their finances so that they are in a position to repay their loan debts after they leave Lasell University.

Please note: The Department of Education mandates that all first time Federal Direct Student Loan and Federal Grad PLUS borrowers complete an "entrance counseling" session before receiving their  loan. Loan proceeds can not be credited to students' accounts until they fulfill this requirement.

To Apply for Financial Aid Complete Below Steps: 

  1. Complete the Application: 

    Students should log into studentaid.gov, fill out the  Free Application for Federal Student Aid (FAFSA) and complete any other documents as required by the Office of Student Financial Planning.

    Please use Lasell University FASFA Code: 002158

    To maximize your eligibility for aid, be sure to apply by the appropriate deadline for your state of residence. For MA state residents, the FAFSA should be completed and submitted no later than May 1 in order to be considered for MA state grant funding. You will be notified via email indicating if your loan was approved or denied. 

  2. If Approved, Completes Master Promissary Note and Entrance Counseling : 

    If you are receiving your first Direct Subsidized Loan or Direct Unsubsidized Loan, you are required to complete the two following items at Federal Student Aid (studentaid.gov):

    • Direct Loan Master Promissory Note: The Subsidized/Unsubsidized Master Promissory Note (MPN) is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees to your lender or loan holder.  Start the Master Promissary Note process. 

    • Direct Loan Entrance Counseling: Entrance Counseling helps to ensure that you understand the responsibilities and obligations you are assuming. Loan proceeds cannot be credited to your student account until you fulfill this requirement. Start the Entrance Counseling process.

  3. If Denied, Contact Financial Aid Office

    If your loan was denied contact the Lasell Financial Aid office for more information and other available loan options.

    Financial Planning Office 
    Email: finaid@lasell.edu
    Phone: 617-243-2227

  4. Complete Exit Counseling

    Students who have a subsidized or unsubsidized loans under the Federal Direct Stafford Loan Program and Federal Grad PLUS Loan  must complete an "Exit Loan Counseling " session during their final semester.

    • Log in to complete Exit Counseling.

    • You will need your Federal Student Aid ID. If you do not have one or forgot yours, go to Create an FSA ID.

    • The entire counseling process must be completed in a single session. Most people complete counseling in 20-30 minutes.

FA Agreement Form

Financial Aid Agreement Form

Lasell University defines graduate full-time enrollment as 9 credits per 15-week semester and 6 credits per 8-week session. Half-time enrollment in a fifteen-week semester is defined as a minimum of six credits and in an eight-week session as three credits.  In order to be eligible for federal aid, students must be enrolled a minimum of half-time. 

  • Winter session is optional. As a stand alone term, winter intersession does not qualify for financial aid. A student may receive aid for the intersession if he or she is in either Spring main or Spring I. Winter will be attached to one of those sessions to receive aid.
  • Certificate programs are not eligible. Students must be admitted to a degree program.
  • Aid will be disbursed after the add/drop deadline, for each session. If a student has not attended any classes, they will not be considered in attendance and will not receive financial aid for that session.

Financial Resources

At Lasell, we work with you to help make your education affordable. Feel free to call, email, or visit the Office of Financial Aid at Lasell University to discuss your financial options at any time. 

Office of Financial Aid

finaid@lasell.edu
Phone: 617-243-2227
Fax: 617-243-2326
1844 Commonwealth Ave.
Newton MA 02466


Resources

www.finaid.org- includes interactive calculators, estimators, discussion groups, scholarship search links, and a listing of financial aid resources. 
www.fastweb.com - provides free scholarship search with more than 400,000 scholarship sources. 
www.heic.org - provides information on the college application process and financial aid from the Massachusetts Higher Education Information Center. 
www.ed.gov - provides links to information on federal financial aid programs from the Department of Education. 
www.fafsa.ed.gov - link to the online version of the Free Application for Federal Student Aid.
www.pin.ed.gov- use to request a PIN for the first time to apply online for the FAFSA, or to request another copy of the PIN already assigned, or to change the PIN already assigned. 
www.studentclearinghouse.org - provides real time information regarding loan borrowing history, where and how much a student has borrowed, and through what programs to assist students with debt management.
www.doe.mass.edu - link to the Massachusetts Department of Education

Accident and Sickness Insurance

Graduate students are not eligible to be covered by the Lasell University Student Health Insurance. Courses that meet strictly online and courses that meet less than 15 days a semester on campus are not included in the calculation of qualifying credits.

International Graduate Students:

International Graduate Students are strongly encouraged to purchase health insurance coverage prior to arrival in the United States. It is advised to protect against unforeseen health circumstances while studying here at Lasell University. There are a variety of health insurance providers available to assist international students purchase coverage. University Health Plan (UHP), the Lasell University provider, is available to answer general insurance plan questions and make appropriate referrals. To speak with a representative, please call (800) 437-6448 or send an email to info@univhealthplans.com.